5116 Lemans Dr #E11, Indianapolis, IN 46205
Property image
Property image
OFF MARKET

$285,600

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 987 sqft

5116 Lemans Dr #E11, Indianapolis, IN 46205

Fairgrounds
Est. Refi. Payment $1,774/mo*
Refinance Your Home

Home Value

Trulia Estimate
$286K
Since last month
Decreased$15K (-5.1%)
Since last year
Decreased$49K (-14.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +216% in the last 10 years
MonthEstimated value
2026
August 2026$286K
July 2026$301K
June 2026$329K
May 2026$299K
April 2026$306K
March 2026$288K
February 2026$282K
January 2026$372K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
915 E 49th St, Indianapolis, IN
0.33
Multi-Family Home
$275,000
10/14/25
3
1
1,254
728 E 55th St, Indianapolis, IN
0.56
Multi-Family Home
$315,000
04/13/26
2
2
-
5549 N College Ave, Indianapolis, IN
0.63
Multi-Family Home
$479,000
12/01/25
6
2
-
4843 Caroline St, Indianapolis, IN
0.74
Multi-Family Home
$215,000
10/10/25
2
2
-
4834 Crittenden Ave, Indianapolis, IN
0.60
Multi-Family Home
$455,000
09/26/25
4
4
-
4409 N College Ave, Indianapolis, IN
0.79
Multi-Family Home
$350,000
10/03/25
6
2
-
4521 Norwaldo Ave, Indianapolis, IN
0.72
Multi-Family Home
$425,000
02/19/26
4
4
-
4746 Broadway St, Indianapolis, IN
0.60
Multi-Family Home
$575,000
07/01/26
7
4
-
4305 Crittenden Ave, Indianapolis, IN
0.98
Multi-Family Home
$231,750
02/02/26
4
2
-
4448 Evanston Ave, Indianapolis, IN
0.83
Multi-Family Home
$425,000
02/12/26
4
4
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5120 Haverford Ave, Indianapolis, IN 46205
0.07
$279,500
3
2
1,023
Off Market
5125 N Carvel Ave, Indianapolis, IN 46205
0.04
$302,500
3
1.5
2,128
Off Market
5109 Carvel Ave, Indianapolis, IN 46205
0.07
$327,900
3
2
1,974
Off Market
5107 N Carvel Ave, Indianapolis, IN 46205
0.08
$219,800
2
1
1,650
Off Market
5107 Carvel Ave, Indianapolis, IN 46205
0.08
$262,300
2
1
1,650
Off Market
5105 Carvel Ave, Indianapolis, IN 46205
0.08
$268,200
2
1
1,612
Off Market
5142 Haverford Ave, Indianapolis, IN 46205
0.08
$305,100
3
2
1,227
Off Market
5144 Haverford Ave, Indianapolis, IN 46205
0.08
$344,000
4
2.5
2,300
Off Market
5116 Carvel Ave, Indianapolis, IN 46205
0.09
$603,200
4
3.5
2,955
Off Market
1221 E 52nd St, Indianapolis, IN 46205
0.06
$386,900
4
2
3,046
Recently Sold
5104 Carvel Ave, Indianapolis, IN 46205
0.11
$545,100
4
3
3,380
Off Market
1325 E 52nd St, Indianapolis, IN 46205
0.10
$375,000
4
2
2,344
Recently Sold

Local Information

  • Map ViewExplore the area around 5116 Lemans Dr #E11.
  • Schools5 Preschool Schools9 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Living Area
987 sqft
Price/Sqft
$289

About this House

Our Community at Pangea Groves is the perfect place to call Home. We have dedicated Onsite Management and Maintenance Staff dedicated to the property and you.

**Pangea Real Estate practices on-going dynamic pricing for all operated units. Unit promotions, discounts, and monthly rent quotes are subject to change based on day of month, current inventory, lease terms and additional market factors.
5116 Lemans Dr #E11, Indianapolis, IN 46205 is a 3 bedroom, 2 bathroom, 987 sqft multi-family in Fairgrounds. More recently, it was listed as a rental in January 2018 with an asking price of $770 per month. That rental listing was removed on March 24, 2021. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $285,600, with a rent estimate of $1,380/month.

Home Details for 5116 Lemans Dr #E11

Property Information

Property Type / Style
Property Type: Multi Family

Building

Community rooms
Fitness Center

Additional Information

On Site Laundry Available

Price and Tax history

DateEventPrice
Mar 24, 2021
Source: N/A
ListingRemoved
Feb 2, 2018
Source: N/A
ListingRemoved
$730
Feb 1, 2018
Source: N/A
PriceChange
$730
Price decreased by 5%
Jan 19, 2018
Source: N/A
Listed For Rent
$770

Market trends in Indianapolis

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$251K
$10KMoM
Sale-to-List Price
99.6%
0.3%MoM
Price per sq ft
$145
$3MoM
Available listings
4043
154MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Fairgrounds
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Fairgrounds

At least 49 Trulia users voted on each feature.

  • 91 % Say parking is easy

  • 90 % Say it's dog friendly

  • 83 % Say yards are well-kept

  • 78 % Say car is needed

  • 72 % Say there's holiday spirit

  • 70 % Say it's walkable to restaurants

  • 69 % Say there are sidewalks

  • 60 % Say neighbors are friendly

  • 58 % Say kids play outside

  • 54 % Say it's quiet

  • 54 % Say they plan to stay for at least 5 years

  • 52 % Say people would walk alone at night

  • 49 % Say there's wildlife

  • 45 % Say streets are well-lit

  • 41 % Say it's walkable to grocery stores

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Audrey Black
    "Monon trail is good for dog walkers. Surrounding area is not very clean or safe. I would not walk at night. "
    1
    Flag
  • Trulia User
    "we have block parties where everyone is encouraged to mingle and meet one another it really makes the neighborhood feel connected and brings a friendly atmosphere to anyone looking to join "
    0
    Flag
  • Trulia User
    "area is nice but alittle expensive and housing in particular. restaurants and bars nearby. becoming more upper class with each year. "
    0
    Flag
  • Trulia User
    "Dogs are friendly and usually on leash, but owners do not pick up after their pets often. Monon is nearby and very pet friendly "
    0
    Flag
  • Rdeangelo17
    "They would like the dog park. That’s in the Pangea apartments also the safe neighborhood that you can give them walks around."
    0
    Flag
  • Kristel
    "We love our neighborhood! Bikable from home to downtown in less time than battleing rush hour traffic! Great choice public elementary schools within 5 miles of home. Walkable to over 25 restaurants, 6 of which are microbreweries. A quick bike ride to historic theater and even more restaurant options. Fantastic for the cost of living here. Pot holes in Indy are BAD in winter time tho. But the paddle options (canoeing kayaking etc) nearby are fantastic! "
    2
    Flag
  • Talya
    "My neighborhood has access to downtown. Weather you catch the Indygo or drive, you could even get there via the moon trail. There's shops, grocery, night life! Making all of my commutes a walk in the park."
    0
    Flag
  • Logan T
    "Bike able; 30 minute drive in rush hour traffic (to downtown), 30 minute commute by bike. Only 20 minute drive when it’s not rush hour. Only 40 minutes to the airport. Close to major pathway which connects even to the suburbs. "
    0
    Flag
  • Nancy K.
    "Getting more difficult with redline road work. Side streets are easy to maneuver. Restaurants and shops are selling easy to get to. "
    0
    Flag
  • Carla F.
    "My neighborhood has great access to public transportation and is only a 15 minute commute to downtown......"
    0
    Flag
  • Samantha
    "This is not a good neighborhood. Everyone minds their own business and won’t cause issues. There’s literally people on the street 24/7 and cars driving fast all the time. A lot of stray animals"
    1
    Flag
  • Nancy K.
    "Easy to get around by car, walking, catching a bus, grabbing an electric car or scooter. Driving downtown takes twenty minutes going to Carmel above the same. Chose to buy here because of ease of getting wherever I need to go. "
    0
    Flag
  • Nancy K.
    "Everyone is dog friendly and looks out for pets that have escaped their yards. Probably 80% of the neighborhood are pet owners. I "
    0
    Flag
  • lexbrus
    "great neighbors. easy commute. new meijer opened. new restaurants and breweries are opening up. black circle brewerie has a very nice crowd of friendl, yougnang and successful people."
    9
    Flag
  • Ltippinsiu
    "We can walk to 25 restaurants (Not chains) and two playgrounds. There’s a paved biking path across the street that connects easily to downtown. 1/3 of an acre in the city is a gem. There are many parks within a 20 minute drive, including state parks. Good local coffees and brews. Theater And paddling- even equestrian opportunities. Great schools too! "
    0
    Flag
  • Brookelinder
    "my neighborhood really isn’t unique. it’s a bunch of cookie cutter homes. Too many HOA rules, and fees are incredibly high. "
    0
    Flag
  • Tenille D.
    "My neighborhood is quiet, everyone is nice & respectful, can ride your bike to anywhere you want to go. Perfect location & crime rate is super low! "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 5116 Lemans Dr #E11

  • What is 5116 Lemans Dr #E11 estimated to be worth?
    Trulia's estimated value for 5116 Lemans Dr #E11 in Indianapolis, IN is $285,600.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $251K. That is up $10K from the prior month.
  • What do residents say about the Fairgrounds neighborhood?
    Residents describe the Fairgrounds neighborhood in Indianapolis, IN as easy to park in, dog-friendly, and well-kept. Most residents say you need a car. See recently sold homes in Fairgrounds, Indianapolis.
  • Does 5116 Lemans Dr #E11 have laundry facilities?
    Yes, 5116 Lemans Dr #E11 in Indianapolis, IN has laundry facilities.

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